Menu
Capital gains for SMBs in NZ

Capital gains for SMBs in NZ

Wellington is the capital of confidence for small firms, holding on to record business optimism as other parts of New Zealand come off recent highs.

Wellington is the capital of confidence for small firms, holding on to record business optimism as other parts of New Zealand come off recent highs.

Owners of small firms in the capital are more positive than in any other region, according to ANZ’s quarterly Business Micro Scope survey of small businesses.

Offering a quarterly indicator which focuses on the prospects of small businesses across New Zealand, findings report that the feel-good factor in Wellington has held for two quarters at levels higher than at any time since comparable data was first collected in 2007.

Nationally, sentiment fell back for a second successive quarter in September but remains well above the historical average.

Despite the general easing in confidence, investment intentions across the small business sector are at the third-highest level since 1999, and double the historic norm.

“Businesses across New Zealand remain upbeat and are seeing positives in the current environment despite challenges such as higher interest rates, weaker commodity prices and a high dollar,” says Fred Ohlsson, ANZ’s Managing Director, Retail & Business Banking.

“Their strong commitment to keep investing means they’re putting their money where their mouth is which will go a long way towards supporting sustained growth in the economy.”

Ohlsson believes this impact shouldn’t be underestimated, as small firms account for 90 per cent of Kiwi businesses and provide nearly one in three jobs.

“Wellington is now leading the way, as its small firms play to their strengths in technology, smart industries and the creative sector,” he adds. “Nationally, manufacturing has also had a welcome boost while the service sector remains the most upbeat.”

Highlights from the Sept 2014 ANZ Business Micro Scope survey of small firms [Net percentages reflect the balance of sentiment – i.e. positive minus negative responses]:

• Confidence among small businesses has remained well above historical norms, with a net +20% feeling positive, though below the record highs recorded in the March quarter

• Investment intentions (down 4 points to +17%) are at the third-highest level since 1999, and double the historic norm

• Wellington (unchanged at +30%) is more positive than at any time since comparable data began in 2007, and is the nation’s most upbeat region – followed by Canterbury (+26%), the rest of the South Island (+27%) and Auckland (+18%)

• Services (down 5 points to +25%) remains the most postive sector. Second-equal are Manufacturing (up 1 point to a nine-month high of +23%) and Construction (down 4 points to +23%)

• Regulation was identified as the biggest challenge facing small businesses (cited by nearly one in five), followed by low turnover and lack of skilled staff

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags wellingtonsmbANZ

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments